# PPP loan: POWELL TRANSPORTATION COMPANY INC.
> **$1.12M** approved 04/05/2020 · Paid in Full · Loan `5440397002`
## Borrower
- **Name:** POWELL TRANSPORTATION COMPANY INC.
- **Address:** 2348 HIGHWAY 98, COLUMBIA, MS, 39429-8052
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $838K
- **Mortgage interest:** $279K
- **Jobs reported:** 89
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*